Board Rooms, Thursday, July 14, 1932.
The Board met in regular session with the President in
the ohair.
The following were present: Gwathmey, Binford, Matthews,
Slaughter, Mrs. Thomas, Mrs. Moore, Gaines, Coleman, Loving,
Jenkins, Harris, and Secretary Ray.
The meeting was opened with prayer
Ъу
Dr. Loving.
The minutes of the last session were read and approved.
As our Treasurer, Brother Buxton, was in the hospital,
the Treasurer's report was read
Ъу
Secretary Ray as follows:
TREASUR- MONTH OF JUNE, 1932.
ER'S PTfPORT —
Cash in Banks, June 1, 1932
$61,720.73
RECEIPTS:
Cooperative Program . 22,928.17
Designated Gifts . 10,576.80
Lottie Moon Offering . 14.37
Debt — Direct . 33.33
Estate of John Sillers..... . 300.00
Income from Annuity Securities.... 1,250.50
Income from Endowment Securities.. 884.53
Inoome from Trust Funds . 1,005.00
Miscellaneous Income . 338.31
Book Department : -Sales & Collections. 489. 50
Annuity Securities . 200.00
Endowment Securities . 100.00
38,120.51
'$997541. 24
DISBURSEMENTS:
Foreign Fields . 49,545,92
Interest on Borrowed Money . 7,306.97
Woman's Missionary Union . 1,900.00
Baptist Brotherhood of the South.. 425.00
Interest on Annuities . 1,107.04
Book Department: Purchases. 345. 41
Expenses.. 219.71 565.12
Annuity Securities . 1,855.00
All Other Expenses . 2,631.14
Plus decrease within the month of
funds held for investment . 1,955.00
Less adjustment in funds reported
as in Transit at April 30 , 1932. . . . 480.33
Received from Emergency Relief Offering..
Balance in Banks June 30, 1932 .
65,336.19
'34,
Боб.
Ob
1,474.67
1,097.86
$37,077.58
NOTE. In addition to the above balance in banks
available for Current Budget there is on
deposit the amount of $69,492.25 from the
Lottie Moon Offering which is in process
od distribution.
CURRENT ASSETS AND LIABILITIES.
ASSETS:
cash in Banks . . . 37,077.58
Book Dept,: a/c's Reo. 720.11
Inventory. .10,146.12 10,866.23
Stocks and Bonds . 529.00
Estate of John Sillers . 1,285,36
Estate of J. H. Pepper . 357.00
Richmond (Va.) Real Estate . 16,500.00 66,615.17
Current Liabilities in excess of Current Assets 1,094,550.45
$l,m,T65.62
